You are thinking of purchasing one of jittery joes coffee, Financial Management

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You are thinking of purchasing one of jittery joes coffee

You are thinking of purchasing one of Jittery Joe's Coffee Shop's twenty year bond that has 15 years left to maturity, has a coupon rate of 4.80 percent and makes quarterly payments. If the YTM on these bond is 5.4 percent, what is the current bond price?

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Financial Management: You are thinking of purchasing one of jittery joes coffee

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Financial Management: You are thinking of purchasing one of jittery joes coffee

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